TRW Inc. today
sent the following letter to Northrop Grumman Corporation:
April 23, 2002
W. Burks Terry
Corporate Vice President and General Counsel
Northrop Grumman Corporation
1840 Century Park East
Los Angeles, CA 90067-2199
Re: Confidentiality Agreement
Dear Mr. Terry:
Because you have released your letter of April 21, 2002 publicly, I
need to point out that we believe it is seriously misleading. Your letter
strongly suggests, if not states, that the 1997 Confidentiality Agreement
entered into between our companies did not contain a standstill provision.
As you know, that agreement, in fact, did contain a two-year standstill
provision at your insistence.
It is quite disturbing that Northrop would widely disseminate, to our
shareholders and to yours, such a materially misleading letter. I regret
the need to address this matter in the press; however, your actions have
left me no choice but to set the public record straight.
Sincerely,
/s/
William B. Lawrence
Executive Vice President, General Counsel and Secretary
TRW provides advanced-technology products and services for the aerospace,
systems, and automotive markets.
